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"Stablebonds mark an evolution of investment solutions," said Dave Taylor, CEO and co-founder of Etherfuse, in the statement. "By marrying the traditional world of bonds with the innovation of blockchain technology, we are creating a secure and transparent tool for investors and are adding further stability to DeFi and blockchain
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Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28. According to a press release shared with Cointelegraph, USDP will be available to all MercadoPago customers throughout Mexico. While the company is
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The world’s largest Bitcoin (BTC) conference, Bitcoin 2023, in Miami, Florida, passed without major fanfare this year. Past conferences announced nation-state adoption, massive crypto integrations in the United States, and islands and territories worldwide embracing Bitcoin. Nonetheless, at Bitcoin 2023, one partnership with a potentially significant impact on the world’s 15th-largest economy
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The service, Send Globally, will be available in Mexico starting June 14, according to a press release provided to CryptoX. It runs on Lightning Network, a second layer payment system for the Bitcoin blockchain designed to provide cheaper and faster transactions than the base network. U.S. dollars sent across the
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Mastercard’s portfolio of crypto partnerships in Latin America also includes Binance, Belo and Buenbit. Source
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Mercado Pago, the financial wallet division of Mercado Libre, the Latam e-tail giant, has announced the launch of cryptocurrency trading services in Mexico. The company has already launched this kind of service in Brazil, serving one million customers in the country, allowing them to purchase, store, and sell bitcoin and
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Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies.Not
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Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval.Speaking to Cointelegraph on Thursday, Mercado Bitcoin CEO Reinaldo Rabelo said the company was awaiting regulatory approval to start operations in Mexico. The details of the expansion are unclear, but Rabelo said in an April interview
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Mercado Brazil parent 2TM raised $200 million from Softbank roughly one year ago, planning to use those funds to help expand across Latin America. Though the company did enter Portugal through an acquisition earlier this year, in Latin America it continues to operate only in Brazil. Source
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“Sin duda el corredor México-Estados Unidos es un mercado sumamente importante para nosotros, donde muchas personas dependen de las remesas para acceder a una vida digna y satisfacer sus necesidades básicas. Por eso nos motiva aún más y estamos comprometidos en llevar estos servicios a otros países donde operamos”, dijo
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